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MinexCoin (MNX) Project Closed: A Look Back at Its History and Current Status
MinexCoin (MNX) project officially announced its closure on April 15, 2020, and its token MNX was delisted by major exchanges in May of the same year. The project aimed to build a low-volatility cryptocurrency ecosystem through an algorithmic stablecoin mechanism but ultimately failed to achieve its vision. Currently, the MNX token has no active trading market, and project development and support have ceased.
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LUA Token: The LuaSwap project has ceased operations, and trading activity has essentially come to a halt.
The LuaSwap project, to which the LUA token belongs, ceased all product operations and website services on March 31, 2024. The project team has explicitly stated that it will no longer support the LUA token. As of July 2026, trading activity for the LUA token on major exchanges has essentially ceased, and its market value is extremely low. This article will review the historical trading activity of the LUA token and highlight its current project status and associated risks.
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The Loopring Protocol (LRC) Has Ceased Operations: A Look Back at Its Development and the Reasons for Its Shutdown
Loopring, once an early zkRollup solution on Ethereum, announced in July 2026 that it was ceasing operations; its decentralized exchange (DEX) and related DeFi products have all been shut down.The team stated that the primary reasons for the project’s closure were early technical limitations of zkRollups, a lack of substantial adoption in payment use cases, the zkEVM approach being surpassed, and the delisting of the LRC token from major exchanges, which led to the depletion of funds. As of July 29, 2026, the price of the LRC token was approximately $0.01.
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Zero Network Shuts Down After 18 Months of Operation: Challenges of Gas-Free Transactions and Intensifying Competition in the L2 Space
Ethereum After approximately 18 months of operation, the Layer 2 network Zero Network announced its shutdown and will refocus its resources on the API and wallet services of its parent company, Zerion. The network had previously promoted “zero gas fee” transactions as its main selling point but ultimately chose to cease operations as an independent blockchain.This development not only reflects the survival challenges faced by independent L1/L2 projects amid fierce competition in the Layer 2 space but has also sparked a discussion about the sustainability of the “gas-free” model. Users have been asked to withdraw their assets by the end of July 2026.
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MinexCoin (MNX) Project Closed: A Look Back at Its History and Current Status
MinexCoin (MNX) project officially announced its closure on April 15, 2020, and its token MNX was delisted by major exchanges in May of the same year. The project aimed to build a low-volatility cryptocurrency ecosystem through an algorithmic stablecoin mechanism but ultimately failed to achieve its vision. Currently, the MNX token has no active trading market, and project development and support have ceased.
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LUA Token: The LuaSwap project has ceased operations, and trading activity has essentially come to a halt.
The LuaSwap project, to which the LUA token belongs, ceased all product operations and website services on March 31, 2024. The project team has explicitly stated that it will no longer support the LUA token. As of July 2026, trading activity for the LUA token on major exchanges has essentially ceased, and its market value is extremely low. This article will review the historical trading activity of the LUA token and highlight its current project status and associated risks.
-
The Loopring Protocol (LRC) Has Ceased Operations: A Look Back at Its Development and the Reasons for Its Shutdown
Loopring, once an early zkRollup solution on Ethereum, announced in July 2026 that it was ceasing operations; its decentralized exchange (DEX) and related DeFi products have all been shut down.The team stated that the primary reasons for the project’s closure were early technical limitations of zkRollups, a lack of substantial adoption in payment use cases, the zkEVM approach being surpassed, and the delisting of the LRC token from major exchanges, which led to the depletion of funds. As of July 29, 2026, the price of the LRC token was approximately $0.01.
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Zero Network Shuts Down After 18 Months of Operation: Challenges of Gas-Free Transactions and Intensifying Competition in the L2 Space
Ethereum After approximately 18 months of operation, the Layer 2 network Zero Network announced its shutdown and will refocus its resources on the API and wallet services of its parent company, Zerion. The network had previously promoted “zero gas fee” transactions as its main selling point but ultimately chose to cease operations as an independent blockchain.This development not only reflects the survival challenges faced by independent L1/L2 projects amid fierce competition in the Layer 2 space but has also sparked a discussion about the sustainability of the “gas-free” model. Users have been asked to withdraw their assets by the end of July 2026.
Project Closed
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